Also in this playlist...
This transcript is automatically generated
On the fox -- Good morning -- well -- a look at the markets right now we have a much different picture this morning and we did 24 hours ago.
Here in the US futures are down across the board though not by these triple digit figures.
That we saw yesterday Dow futures are down by twenty the -- down by three in the NASDAQ down by seven over in Europe.
Moody's lowered its outlook for Germany the Netherlands and Luxembourg triple A credit rating citing uncertainty.
About the Euro zone's ongoing debt crisis there were also manufacturing.
From Germany and Euro area that both disappointed.
You can see stocks near down across the board also not by huge amounts there.
Let's take a closer look now what's moving those markets with rob a bank international's global head of financial markets research down -- -- over in London.
Yeah and what do you make of these PMI figures particularly this one for euros and that's the sixth straight month of shrinking private sector activity.
-- studio we dig into those figures are most concerned particularly about to German.
Manufacturing PMI that is at a relatively low level specially for Germany debt it really hits the message stat is that the message media.
That would getting more and more to the core of Europe and it comes to be economic slowdown.
And that's making the resolution to the crisis all the more difficult a topic of course its largesse is being capped.
That's every country is now in the press today.
But effective sector -- the most attention serves -- acquittals being watched they're a little bit better the service do you mice and also they account for more employment.
But the typical volatility -- -- business cycle comes from the manufacturing sector from investments and eventually cycles there.
And -- representatives from the troika are gathering in Greece -- says is progress on reducing debt and to decide.
Whether the country get -- final installment of this aid package.
Any predictions on what's gonna happen -- how likely is Greece to get that money.
-- very difficult to predict anything there of course it was a German magazine.
Running a story over the weekend.
As saying that the IMF's patience and -- -- -- a key member of the troika is running out the IMF has since come out.
Bit more miles Coleman's there but I think it was an attempt to be at least play hard -- with the creeks.
And extract the reforms needed to see sustainable track go forward to going to be very difficult talks the outcome probably takes a week officially what you would expect to see headlines to read this week could be quite contentious lot of foot political posturing -- -- -- -- has been making promises at least make budget cuts and so on but it may be too little too late we'll have to see on that.
Thanks -- that announce as we appreciate it we'll keep checking in with you as always.
-- we're getting earnings in from Altria the tobacco.
-- reporting adjusted profit of 59 cents a share beating the estimate for 57 cents revenue.
A six point 49 billion dollars BP estimate for four point 48 billion dollars they also got earnings in from Western Union the payment transfer companies reporting.
An adjusted profit of 44 cents beating the estimate by a penny revenue one point four billion dollars was a miss the estimate was -- one point 45 billion.
DuPont reported -- mixed results as well for its second quarter the chemical maker says it earned an adjusted profit of one dollar 48 cents a share.
Two cents above the street's forecast the revenue of eleven billion came in just short of the -- there for eleven point 27 billion.
DuPont says it's continued weakness in the market for titanium oxide.
Particularly in Europe in Asia and that's something that you find in paint.
Apple mean all is set to report its third quarter results after the bell today and -- second bullish with their expectations.
The tech giant is expected to post a profit of ten dollars 36 cents on revenue of 37 point two billion dollars and while the numbers may look strong on the surface.
Growth rates are expected to -- lower this quarter analysts say that's because consumers may be holding off on buying an iPad -- iPhone.
Until apple releases the latest versions which is rumored to be happening later this year.
Regulators around the world meanwhile -- reportedly investigating several groups of traders they believe works together to re different interest rates.
According to the Wall Street Journal the -- includes more than a dozen traders from at least nine banks.
And the journal says most of those groups were not associated with the live -- scandal involving Barclays.
Early findings in the -- -- a widespread operation that -- from 2005 to 2011.
And grew as traders moved to other banks and took that rate manipulation -- with them.
The paper says Barclays and UBS which employed traders who were allegedly the leaders of two groups under investigation.
-- helping officials with that probe.
Shares of Cisco were down more than 1% in extended trading after the company announced plans to cut about thirteen hundred jobs.
That move is part of an ongoing effort to restructure the company and will impact.
2% of its work force the plan had been announced last year aims to cut expenses by one billion dollars at that time Cisco plan to cut 15% of its workforce.
Here's a look at commodities now we -- oil and gold like the markets are searching for direction this morning.
-- currently down just barely 88 dollars a barrel gold at 1573.
Imus in the morning continues right now on Fox Business.
Filter by section